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The 05:00 candle closed, and the price just lay down


$KORU 8.141 → 7.135 / happened in one night
Dumped from 21:00 to 23:00 / 2.7 million contracts
The second candle was 1.7x the first / price fell 12.3%
Bounced to 7.734 at 04:00 / on just 656k contracts
The 05:00 closing candle had 995k contracts / pushed it back down to 7.445
The next nine candles / high of 7.561 / never touched 7.6
Now 7.436 / MA20 7.524 / gap of 0.088
14:00 volume was 46k contracts / 8% of average volume
24-hour total was 9.23 million U / that's all the volume
Weekend / Seoul is closed / New York is closed too / nobody to catch it
This candle on the chart is a shadow price / doesn't count as a price
Back above 7.6 counts as recovery / only losing 7.135 counts as a breakdown
(Not investment advice; trade at your own risk)
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KORUKORU-1.22%

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Comment 2
BollingerBander
How many stop-loss orders are buried at 7.135
SlowBullWalker
MA20 is so close to the current price, and volume has shrunk to 8 points. It’s struggling to hold the recovery line amid the weekend liquidity vacuum. If it can’t get back above it, the next congestion zone is below 7.135. Those with heavy positions should think about how to adjust